KORE Group Holdings announces 1-for-5 reverse stock split effective July 1, 2024

KORE Group Holdings, Inc.

Board approved 1-for-5 reverse split on June 20, 2024; effective July 1, 2024 at 12:01 a.m. ET.
Stockholders had authorized a ratio range of 1-for-4 to 1-for-10 at June 12 annual meeting.
No fractional shares issued; fractional entitlements are rounded up to next whole share.
Proportional adjustments made to outstanding equity awards and shares under 2021 incentive plan.
Trading symbol remains KORE; new CUSIP 50066V305; NYSE trading on split-adjusted basis starts July 1.

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